Churchill Downs CEO Sells $199,994 in Stock (CHDN)
Churchill Downs (NASDAQ:CHDN) CEO Robert L. Evans sold 2,256 shares of the company’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $88.65, for a total transaction of $199,994.40. Following the completion of the transaction, the chief executive officer now directly owns 181,884 shares of the company’s stock, valued at approximately $16,124,017. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Separately, analysts at Zacks upgraded shares of Churchill Downs from an “underperform” rating to a “neutral” rating in a research note on Tuesday, April 8th. They now have a $88.30 price target on the stock. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $60.21.
Shares of Churchill Downs (NASDAQ:CHDN) traded up 1.54% during mid-day trading on Friday, hitting $89.65. The stock had a trading volume of 60,729 shares. Churchill Downs has a 52 week low of $76.25 and a 52 week high of $96.74. The stock’s 50-day moving average is $86.92 and its 200-day moving average is $89.4. The company has a market cap of $1.562 billion and a price-to-earnings ratio of 29.63.
Churchill Downs (NASDAQ:CHDN) last announced its earnings results on Wednesday, April 23rd. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.08. The company had revenue of $167.30 million for the quarter, compared to the consensus estimate of $167.44 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. On average, analysts predict that Churchill Downs will post $3.85 earnings per share for the current fiscal year.
Churchill Downs Incorporated is a diversified provider of pari-mutuel horseracing, casino gaming, entertainment, and is the country’s premier source of online account wagering on horseracing events.
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